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Paul Hailes
Our CFO
The ERTE scheme is available for a 12 month period.
The management team at the mine are working with external parties to provide alternative energy sources.
The management team are working on the premise that the mine will restart production.
Hope this helps
Best regards
Paul
Are we going to rise up from the ashes !!!!!
Is this live for trading..??
Dear Darren
Still no news on the alternative trading platform.
With the mine in shutdown mode and the majority of staff on ERTE (a Spanish Government Scheme to meet employees salaries) the running costs for the mine have been greatly reduced.
I am unable to discuss the support being offered by BR but as announced sometime ago the Company was successful in arranging a $5.5m drawdown facility.
Best regards
In addition, the Company is currently in discussion with a supplier who has an outstanding balance of approximately €1m and is proposing a payment plan with this supplier.
Don’t think we’re coming back from this.
The end is near.
Too many forces against them in this climate plus the mine never got going earlier when it should.
Black rock will pull the plug…
Who the supplier we owe a £1 million. If there not sorted we can’t restart. Sounds like they have forced the closure as well.
Wres could still rise from the ashes….
Another few days announced…
Maybe not going so well ??
He’s still working….just on other things..
They’ve had 2 years to get the plant running right.
Pablo jumped. Fernandez jumped.
Aaron jumped and now working with Michael at Fortescue.
I met Aaron on the site visit. Could tell you in detail the whole mine build. Left before it was even working decent.
This is a right off.
Is that I look at the dismal performance over the last 2 years and then look on linkedin and see Michael listed as chairman of 5 companies all active and then CFO of fortescue Futures.
Where does his priorities lye and exactly what time and effort is allocated to this failing company.
Awful….when you think it can’t get worse it does.
Tin could be 60k it won’t help this mess of a company….
Shocking….
https://m.youtube.com/watch?v=iDgG18Dnj2I
30 seconds in….
He said when talking about the current period we will hit above design capacity. More billy bull****..we’ve now downgraded are yearly target.
There always a hiccup that scuppers the performance.
Flooding before. Now power supply and maintenance parts.
Eventually we will run out of problems and the plant will fly.
Didn’t MM say in last interview we are now at design capacity. Don’t think so Michael.